Europe sees ‘hyperconcentration’ of crypto wrench attacks as losses hit $101M

Criminal teams behind wrench attacks usually consist of three to five people, often posing as delivery drivers or luring victims into ambushes, said CertiK.

Estimated losses from global crypto wrench attacks reached $101 million in the first four months of 2026, with most attacks occurring in Europe, according to Web3 security company CertiK.

With just 34 documented crypto wrench attacks, the losses have nearly doubled those of 2025, which came in at $52.2 million. Europe accounted for 82% of incidents, according to CertiK.

The frequency of wrench attacks has increased since 2025. They involve physical force to gain access to a victim’s crypto holdings and have taken the form of home invasions, kidnappings and other extortion attempts. CertiK said there have been 34 attacks since the start of the year.

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